Demons didn't tank: Demetriou

Cleared of tanking ... The Demons were fined but will not lose draft picks

AAP: David Crosling, File Photo

AFL chief executive Andrew Demetriou is adamant there is no evidence to suggest Melbourne deliberately set out to lose matches in 2009.

The Demons have been fined $500,000 but will not lose their draft picks after the AFL found the club guilty of conduct unbecoming the game, but not tanking.

The club had strongly denied tanking and had been negotiating the penalties with the AFL ahead of Tuesday's announcement to the media.

The Demons' then-general manager of football operations Chris Connolly, who remains at the club in a marketing role, has been banned from all AFL activities until February 1, 2014 for his role in the saga.

Then-coach Dean Bailey, now an assistant with Adelaide, has been banned for the first 16 rounds of the 2013 season.